World Kinect (NYSE:WKC) Chairman Michael Kasbar Sells 19,300 Shares

World Kinect Corporation (NYSE:WKC) Chairman Michael Kasbar sold 19,300 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $30.17, for a total value of $582,281.00. Following the transaction, the chairman owned 1,021,450 shares of the company’s stock, valued at $30,817,146.50. This represents a 1.85% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

World Kinect Trading Up 3.4%

Shares of NYSE:WKC traded up $1.03 during trading on Tuesday, hitting $31.18. The company had a trading volume of 944,073 shares, compared to its average volume of 851,544. The stock has a market cap of $1.60 billion, a price-to-earnings ratio of -3.05, a price-to-earnings-growth ratio of 0.61 and a beta of 1.23. World Kinect Corporation has a one year low of $22.21 and a one year high of $31.21. The company has a fifty day simple moving average of $26.32 and a two-hundred day simple moving average of $25.41. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.05 and a quick ratio of 0.87.

World Kinect (NYSE:WKC) last posted its quarterly earnings data on Thursday, April 23rd. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.44. The business had revenue of $9.69 billion during the quarter, compared to analyst estimates of $9.29 billion. World Kinect had a positive return on equity of 8.27% and a negative net margin of 1.53%.The company’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period last year, the company earned $0.48 EPS. World Kinect has set its FY 2026 guidance at 2.650-2.850 EPS. As a group, equities analysts forecast that World Kinect Corporation will post 2.79 earnings per share for the current year.

World Kinect Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 16th. Stockholders of record on Monday, March 30th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend was Monday, March 30th. World Kinect’s dividend payout ratio (DPR) is presently -7.84%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on WKC shares. Wall Street Zen raised World Kinect from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Zacks Research lowered World Kinect from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 2nd. Weiss Ratings raised World Kinect from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, May 14th. Finally, Morgan Stanley raised their price objective on World Kinect from $25.00 to $26.00 and gave the company an “underweight” rating in a research note on Tuesday, May 5th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $29.50.

Institutional Investors Weigh In On World Kinect

A number of institutional investors and hedge funds have recently modified their holdings of WKC. Numerai GP LLC purchased a new position in World Kinect during the 3rd quarter worth $2,557,000. American Century Companies Inc. increased its holdings in World Kinect by 64.1% during the 3rd quarter. American Century Companies Inc. now owns 1,042,766 shares of the company’s stock worth $27,060,000 after purchasing an additional 407,225 shares during the period. LSV Asset Management increased its holdings in World Kinect by 6.3% during the 3rd quarter. LSV Asset Management now owns 1,740,728 shares of the company’s stock worth $45,172,000 after purchasing an additional 103,489 shares during the period. Jefferies Financial Group Inc. purchased a new position in World Kinect during the 4th quarter worth $413,000. Finally, UBS Group AG increased its holdings in World Kinect by 38.1% during the 4th quarter. UBS Group AG now owns 226,440 shares of the company’s stock worth $5,305,000 after purchasing an additional 62,492 shares during the period. 97.06% of the stock is owned by institutional investors.

World Kinect Company Profile

World Kinect Energy Services, Inc (NYSE: WKC) is a global energy services company specializing in fuel procurement, supply chain management and risk mitigation solutions. The company offers an integrated platform that facilitates the sourcing, trading and logistics of refined fuels, natural gas, liquefied natural gas (LNG) and renewable energy products. Its services are designed to help industrial, commercial and institutional clients optimize energy costs, comply with environmental regulations and manage price volatility.

In addition to traditional commodity trading and delivery, World Kinect provides a suite of value-added services that include carbon offset and decarbonization strategies, energy efficiency consulting and emissions reporting.